For years, Cushing, Okla., has been on the receiving end of a 500-mile pipeline funneling oil from the Gulf of Mexico to the American heartland.
Starting this weekend, that pipeline will start moving crude in the other direction. That flow reversal could soon have implications at gas pumps around the country.
"For 40 years, crude oil flowed north," says Philip Verleger, a visiting fellow at the Peterson Institute for International Economics. "Today, oil flows south. It's as if we turned the world upside down."
The movie Battleship, based on the popular board game, opens today in the U.S. In most respects, it's a typical popcorn picture — the kind of effects-laden action movie that audiences often turn into a summer blockbuster.
And while it may not be any good, it is undeniably ours — American from the water up: a Universal Studios picture about an alien invasion, crammed with special effects from Industrial Light and Magic and set largely on American warships.
Don't worry if you missed out on Facebook's initial public offering. Chances are, if you own shares in a broad-based index fund, you'll be holding onto some Facebook soon enough.
Facebook is such a huge offering -– with an initial market capitalization of more than $100 billion, it instantly becomes one of the 25 largest "cap" stocks — that it could have a distorting effect on some funds, at least in the short term.
When it comes to hepatitis C, things that happened to baby boomers back in the day can make all the difference.
One in 30 baby boomers is infected with virus, says the Centers for Disease Control and Prevention. And most of them don't know it. So, the CDC is moving ahead with a proposal that all baby boomers (born between 1945 and 1965) get a blood test to check for the virus.
The current guidelines call for testing when someone has known risk factors.
The president of Malawi vowed to overturn her country's ban on homosexual acts.
The BBC reports that President Joyce Banda made the vow in her first address to Parliament.
"Some laws which were duly passed by the August house... will be repealed as a matter of urgency... these include the provisions regarding indecent practices and unnatural acts," Banda said according to the BBC.
Following the release of what his campaign called his first ad of the general election, Romney participated in a "tele-town hall" with supporters in the swing states where the ad is running: Virginia, North Carolina, Ohio, and Iowa.
Mark Zuckerberg is, among many other things, the highest-profile taxpayer on the planet today.
After today's Facebook IPO, Zuckerberg will owe nearly $200 million in California state taxes alone. That's "among the largest tax liabilities that a single individual has ever paid at a given point in time," says Jason Sisney of the California State Budget Legislative Analyst's Office.
Zuckerberg's profits will be taxed at a 10% rate in California. That's a much higher rate than in many other states.